Did you know that your employer’s default fund must offer a minimum level of Life Insurance? There are benefits to having insurance cover in super but it’s important to be aware of the detail. We look at how super funds typically have three types of insurance for members, the sort of conditions, to expect and […]
In recent years, a new retirement plan has gained in popularity in Australia called the self-managed super fund, or SMSF. This trend is demonstrated by how the funds are growing – nearly 3,000 new SMSFs are started every month. In the last 12 months, over 35,000 new funds were established. Overall there are over 500,000 […]
It can be easy once you have put together your financial plan to just think it will run without any tinkering or adjusting over time. Nothing could be further from the truth. Since nothing in the financial markets stays the same year after year, your financial plan shouldn’t either. Plus, things change in your life and […]
Many consumers these days are using self managed super funds as an alternative to traditional superannuation products. Unfortunately, many consumers use these complex retirement vehicles without fully understanding the responsibilities, risks and consequences. Every year the ATO publishes an article detailing the top 10 SMSF compliance mistakes. These mistakes are general contraventions as reported by […]
Contingency Planning is all about protecting the assets of your business and the owners from liabilities which may be incurred as the result of unfortunate circumstances involving key persons to the business or principal owners.